(redirected from Writedown)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia, Wikipedia.
Related to Writedown: Writeoff, Goodwill writedown
See: bad debt
References in periodicals archive ?
She proposed that the financial results for the first nine months should reflect a goodwill writedown of anywhere from AaAaAeA@1/4600m to AaAaAeA@1/4900m other banks had done.
6 billion reais ($31 billion) of potential asset writedowns outlined in notes to its unaudited third-quarter results in January.
It is part of the credibility to stick to the signals you have sent," Juncker told German radio Deutschlandfunk, referring to previous statements ruling out writedowns outside of Greece.
Including writedowns on its soon-to-be sold Cheuvreux brokerage, its Italian consumer credit business, Spain's Bankinter, and losses on its own debt, the bank slumped to a quarterly loss of 2.
1 billion profit a year ago after being hit by the writedowns on credit products.
ROYAL Bank of Scotland today unveiled its first loss in 40 years as a public company after suffering writedowns of pounds 5.
On an after-tax basis, the writedown will be in a range of $2.
market, Deutsche Post World Net (DPWN), the parent company of express services and logistics services provider DHL, said last month it is taking an $874 million non-cash writedown on DHL Express operations in the U.
Further, if companies are required to consider writedowns annually for a large number of assets (or asset groups), the yearend burden on both internal staff and external auditors could increase substantially.
For example, FAS 12 (1975), "Accounting for Marketable Securities", requires a writedown due to nontemporary declines in market value of noncurrent securities.
The former deputy CEO of Laiki Bank, shuttered in 2013 amid the banking crisis, told a court on Monday that the persons responsible failed to take appropriate action prior to a writedown of the lender's operations in Greece.
The firm, earlier in 2013 took a $1bn writedown against the value of its coal mines in Australia because of falling commodity prices.